#Vaca Muerta

Trump declares a naval blockade of the Strait of Hormuz: what happened in Islamabad and what changes for the energy market
Oil & Gas

Trump Orders U.S. Navy Blockade of Strait of Hormuz as Islamabad Talks Fail

After 21 hours of negotiations in Pakistan collapsed without agreement on Iran's nuclear program or the Strait, Trump posted on Truth Social that the Navy would immediately blockade all vessels entering or exiting the waterway. Brent, around $95 before the announcement, surged more than 8% on Monday to above $103.